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Build-A-Bear Workshop, Inc. develops news around its experiential retail model for customized stuffed animals, plush products, licensed characters, gifting and brand extensions. Updates commonly cover new plush formats such as wearable plush, Mini Beans, Promise Pets and special-edition releases, along with collections tied to pop-culture licenses and the company’s own intellectual property.
Company announcements also track store and online distribution, partner-operated and franchised experience locations, wholesale expansion, Build-A-Bear Entertainment activity, quarterly results, dividends and governance changes. The company operates a direct-to-consumer retail platform, international franchising operations and a commercial business that includes licensing and wholesale activity.
Build-A-Bear Workshop (NYSE: BBW) has announced the launch of a new e-commerce website designed to enhance customer engagement and streamline online experiences. The redesigned platform, built on Salesforce Commerce Cloud, features improved functionality and mobile-first design. The company's digital demand has surged by 180% in 2022 compared to 2019. CEO Sharon Price John highlighted the focus on digital transformation and omnichannel strategies, which aim to foster customer loyalty and facilitate seamless online-to-store experiences. Build-A-Bear aims to connect consumers with its brand in innovative ways.
Build-A-Bear Workshop has opened a new store at the Fan Engagement Zone of Hall of Fame Village in Canton, Ohio. This store features a football theme and offers a variety of merchandise, including professional and college football items for plush bears. The company's fiscal 2021 saw record profitability, and the first quarter of fiscal 2022 also reported high revenue. This new location is part of a strategy to open approximately 20 new stores in fiscal 2022, focusing on digital transformation and enhancing omnichannel capabilities.
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Build-A-Bear Workshop, Inc. (NYSE: BBW) announced that CEO Sharon Price John and CFO Voin Todorovic will participate in a fireside chat on September 14, 2022, at 4:30 p.m. Eastern Time during the Piper Sandler Growth Frontiers Conference. The audio will be available on the Company’s Investor Relations website for 90 days after the event. Build-A-Bear aims to enhance personal connections through its unique retail and e-commerce experiences, boasting nearly 500 stores and $411.5 million in total revenue for fiscal 2021.
Build-A-Bear Workshop reported a record-high total revenue of $218.3 million for the first half of fiscal 2022, marking a 17.1% increase from the same period last year. The second quarter revenue reached $100.7 million, a 6.3% increase year-over-year. Pre-tax income for the first half was $25.8 million, up from $22.7 million in fiscal 2021. The board authorized a $50 million share repurchase program following the completion of a previous $25 million buyback. The company reaffirms its fiscal 2022 guidance, expecting total revenues between $440 million and $460 million.
Build-A-Bear Workshop, Inc. (NYSE: BBW) will release its second quarter fiscal year 2022 results on September 1, 2022, prior to market opening. The company will host a conference call at 9 a.m. ET to discuss these results. Interested parties can join the call using the provided dial-in numbers or stream it via the company’s investor relations website. A replay of the call will be available shortly after its conclusion and can be accessed for one year online.
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Build-A-Bear Workshop reported record revenues of $117.7 million for Q1 fiscal 2022, marking a 28.4% increase year-over-year. Pre-tax income rose 38.0% to $18.2 million, representing 15.5% of total revenues. The company initiated a $25 million share repurchase program, acquiring $8.1 million worth of shares this quarter. Anticipating continued growth, fiscal 2022 guidance estimates total revenues between $440 million and $460 million, with pre-tax income projected at $52 million to $62 million. Digital sales have vastly improved, outpacing total e-commerce sales from 2017.